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Renewable energy industry faces ‘challenging’ times, say Vestas and Orsted (low wind speeds)
California News Times ^ | 11/03/21 | ishwarkimmins

Posted on 11/08/2021 2:25:49 AM PST by Libloather

Ørsted, a Danish power group, and Vestas, a wind turbine maker, said projects in Europe had to deal with low wind speeds, while supply chain stagnation, rising energy prices and raw material costs hit manufacturers. Warned about difficult situations for the renewable energy industry.

Vestas warned on Wednesday that “the global business environment for renewable energy will become increasingly difficult.” Second time In 3 months.

Orsted, the developer of the world’s largest offshore wind farm, Lower wind speed This year, compared to 2020, 2021 profits were expected to reach the lower end of the guide range. The group said operating profit for the third quarter was slightly below analysts’ expectations as it announced its results for the first nine months of the year.

The day after Glasgow’s world leader in COP26 praised clean energy technology as important to achieving its goal of curbing global warming, a relatively conservative assessment was given by both companies.

Intermittent renewable energies such as wind power have been gaining attention in Europe in recent months. This is because some of the slowest wind speeds in decades have increased the reliance on gas and coal for power generation in many countries, including the world’s largest UK. Offshore wind power market.

(Excerpt) Read more at californianewstimes.com ...


TOPICS: Business/Economy; Conspiracy; Outdoors; Science
KEYWORDS: climatechange; energy; orsted; vestas
We need more hurricanes. What a conundrum.
1 posted on 11/08/2021 2:25:49 AM PST by Libloather
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To: Libloather

The Soviet Union had bad weather between 1917 and 1989. This tended to negatively affect their wheat crops.

But sometimes the real reason something fails is that the Basic, Underlying idea of the enterprise is just flawed and unworkable.


2 posted on 11/08/2021 2:30:00 AM PST by ClearCase_guy (Alec Baldwin has killed more people than the Jan 6 protesters. And he will serve less jail time.)
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To: Libloather

Send Biden! His wind is wet!


3 posted on 11/08/2021 2:32:11 AM PST by HYPOCRACY (Cornpop was a good dude.)
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To: ClearCase_guy

When you have other people’s money andclives to spend freely then your ideas are never wrong


4 posted on 11/08/2021 2:40:13 AM PST by BRL
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To: Libloather

Why do we not hear anything about ocean-wave power? One flash-in-the-pan set of reports, then crickets.


5 posted on 11/08/2021 2:57:10 AM PST by asinclair (Political hot air is a renewable energy resource)
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To: Libloather

Maybe, just maybe, surface wind speeds are low because there are all of these giant windmills all over the place slowing it down...

Or perhaps surface wind speeds are just lower than the BS assumptions they made when they came up with the production estimates necessary to justify their boondoggle projects.


6 posted on 11/08/2021 3:04:05 AM PST by gridlock (ELIMINATE PERVERSE INCENTIVES )
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To: Libloather

Obviously, we need a LOT more wind turbines to make up for the lack of wind. Plus, we need more government subsidies for the manufacturers because of the rising costs to build these monstrosities.

Suck it up, taxpayers.


7 posted on 11/08/2021 4:09:04 AM PST by moovova (I'm dismayed that most of the world hates me for being non-vaxxed. Honest. No, really.)
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To: Libloather

These fools want worse weather so that their windmills will be more efficient! Why don’t they concentrate on eliminating darkness so that the solar panels will be more efficient? Seems logical to me!


8 posted on 11/08/2021 4:38:40 AM PST by eeriegeno (Checks and balances??? What checks and balances?)
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To: asinclair

Why do we not hear anything about ocean-wave power? One flash-in-the-pan set of reports, then crickets
____________________________________________________________

Simple......A perpetual source of power that politicians and governments cannot control or regulate is of no use to anyone.


9 posted on 11/08/2021 6:19:03 AM PST by Roccus (Prima di ogni altra cosa, siati armati!th)
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To: Libloather

The whole “renewable energy” thing was a dumb idea. You can’t use something like this & not realize that there may be times of low winds, high winds, or not enough sunlight. To rely on conditions that will make these things work is sheer stupidity; done at the public’s expense of course. We need only one kind of electrical power...sure & steady 24-7. Renewables won’t do it.


10 posted on 11/08/2021 7:01:06 AM PST by oldtech
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To: Libloather

The whole “renewable energy” thing was a dumb idea. You can’t use something like this & not realize that there may be times of low winds, high winds, or not enough sunlight. To rely on conditions that will make these things work is sheer stupidity; done at the public’s expense of course. We need only one kind of electrical power...sure & steady 24-7. Renewables won’t do it.


11 posted on 11/08/2021 7:56:48 AM PST by oldtech
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